Taxes Payable (Tables)

9 Months Ended

Mar. 31, 2025

Taxes Payable [Abstract]

Schedule of Income Taxes and Related Payables

Income Taxes and Related Payables

	March 31,			June 30,
	2025			2024
VAT provision	$	(783,267	)	$	(692,476	)
Income tax payable		(2,133,175	)		(2,127,759	)
Other levies		603,625			590,875
Repatriation tax		29,010,535			29,010,535
Total	$	26,697,718		$	26,781,175

Schedule of Provisions for Income Taxes

The provision for income taxes consists of the following:

	March 31,			March 31,
	2025			2024
Current tax	$	(49,527	)	$	(10,828	)
Deferred tax		-			-
Total	$	(49,527	)	$	(10,828	)

Schedule of Deferred Tax Assets

Significant components of deferred tax assets were as follows:

	March 31,			June 30,
	2025			2024
Deferred tax assets
Deferred tax benefit		32,935,924			32,804,190
Valuation allowance		(32,377,926	)		(32,295,719	)
Total deferred tax assets	$	557,998		$	508,471

Schedule of Effective Income Tax Rate Reconciliation

Actual income tax benefit reported in the consolidated statements of operations and comprehensive income (loss) differ from the amounts computed by applying the US statutory income tax rate of 21.0% to income before income taxes for the nine months ended March 31, 2025 and 2024 for the following reasons:

	China 15% - 25%					United States 21%					Total
Pretax loss	$	(6,257,263	)				(1,642,362	)				(7,899,624	)
Expected income tax expense (benefit)		(1,564,316	)	25.0	%		(344,896	)	21.0	%		(1,909,212	)
High-tech income benefits on Jinong		-		-			-					-
Losses from subsidiaries in which no benefit is recognized		1,514,789		-24.2	%		-					1,514,789
Change in valuation allowance on deferred tax assets from US tax benefit		-		-			344,896		-21.0	%		344,896
Actual tax expense	$	(49,527	)	0.8	%		-		-			(49,527	)	0.6	%

	China 15% - 25%					United States 21%					Total
Pretax loss	$	(15,060,332	)				(3,005,976	)				(18,066,308	)
Expected income tax expense (benefit)		(3,765,083	)	25.0	%		(631,255	)	21.0	%		(4,396,338	)
High-tech income benefits on Jinong		-		-			-					-
Losses from subsidiaries in which no benefit is recognized		3,754,255		-24.9	%		-					3,754,255
Change in valuation allowance on deferred tax assets from US tax benefit		-		-			631,255		-21.0	%		631,255
Actual tax expense	$	(10,828	)	0.1	%		-		-			(10,828	)	0.1	%